eTranzact International is a payment switching and processing company licensed as a mobile money operator serving individuals, corporates, and institutions.
Trademarks Global Concepts Limited gains a 56.18% stake in eTranzact International Plc through a share transfer. The Nigerian payments company reconstitutes its board following the ownership change. The move reflects a shift in control amid the company’s operations in digital financial services.
Trademarks Global acquires a controlling 56.18% stake in Nigerian payments company **eTranzact International Plc** through a share transfer of 5.17 billion shares. The transaction follows Access Bank Plc’s exit from the firm, triggering a board overhaul. eTranzact operates in Nigeria’s digital payments sector, serving businesses and consumers.
eTranzact International Plc reshuffles its Board of Directors after a shareholding transaction alters majority ownership. The exiting shareholders and two independent non-executive directors resign, while five new directors join, including nominees from Trademarks Global Concepts Limited and two independent appointees. The changes reflect the shift in control following the transaction.
eTranzact International Plc advocates for closer collaboration between Nigeria’s Federal Government and local fintech firms to enhance the country’s digital payment systems. The company highlights the need for scalable digital infrastructure to support Nigeria’s economic goal of reaching a $1 trillion economy. This push aligns with broader efforts to modernize financial services and expand access to digital transactions.
